Supreme Court Skips Trump Tariff Ruling on Friday

Summary

The US Supreme Court did not issue a ruling Friday on challenges to President Trump's tariffs, leaving market participants waiting for a possible opinion next week. The discussion focused on how a ruling could affect tariff refunds, companies that have paid tariffs, the bond market and Treasury yields. Speakers also noted that the administration can keep using other authorities to impose tariffs, which could prolong trade-policy uncertainty and weigh on hiring.

• Supreme Court did not rule Friday on challenges to Trump's tariffs.
• Next possible opinion date is Tuesday, but the court does not disclose subjects in advance.
• Wall Street is watching tariff refunds, the bond market and Treasury yields.
• Consumer and retail names mentioned as assets to watch include Nike, Urban Outfitters, Costco and Mattel.
• The administration is expected to keep using tariffs through other tools such as Section 232 and Section 338.
• The ruling delay and possible renegotiations could extend economic uncertainty.
• Speakers discussed a continued low-fire, low-hire economic environment.